Manucturer of fertilizers
INPUTS:
import of Rock phaspate @ 5%gst
packing meteria @ 18% gst
Chemicals @ 18% gst
OUTPUT:
sale of Super phaspate ( fertilizer) @ 5% gst to formers geting SUBSIDY.
Please inform whether they come for applying refund under Inverted duty structure under Sec54(3)(ii)?.
Whether to come under Inverted duty structure
Replies (5)
Quick Summary
Is this subsidy on outward supply by the Government ?.
Sir they are geting SUBSIDY on outward supplies ( suppose they purchased one bag for Rs.500 out of which they sell Rs 300 for formers, 150 may get through subsidy from Dept of fertilizers new delhi later as per ther norms. sir pl clarify
Look like inverted Duty Structure , please confirm with others also.
Yes sur, taking to inverted duty structure. whether applies to this case or not?. some people tell this is not come under this and not eligible.
in such cases, all wholesaler can cliam the benefit of IDS
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